A sovereign wealth fund in Abu Dhabi buys government stakes in 5 major Egyptian companies
A sovereign wealth fund in Abu Dhabi has bought five Egyptian companies listed on the stock exchange for $1.88 billion. The Egyptian Stock Exchange issued a statement in which it clarified that the market witnessed the implementation of six large-scale…
Italian judiciary accuses Egyptian authorities of deception and lack of cooperation
The Italian judiciary has decided to suspend the trial of four Egyptian security officers accused of kidnapping and killing Italian doctoral student Giulio Regeni in 2016 due to the Egyptian authorities’ lack of cooperation in completing the process of officially…
National Security and Abbasiya Hospital face accusations of involvement in the death of Ayman Hadhoud
Psychiatrists have demanded the formation of a fact-finding committee to determine who was responsible for keeping the body of economic researcher Ayman Hadhoud in the Abbasiya Mental Health Hospital refrigerator for about a month. They also held the hospital administration…
Human rights organizations call on Sisi to stop the execution of 16 people
Nine human rights organizations have called on President Abdel Fattah El-Sisi to halt the execution of 16 people after “an unfair trial before an exceptional court whose rulings are not subject to appeal.” The organizations called for the defendants to…
Alaa Abdel Fattah demands a consular visit in prison after obtaining British citizenship
The AP agency said, quoting the sisters of imprisoned activist and blogger Alaa Abdel Fattah, Mona and Sanaa, that Abdel Fattah had recently obtained British citizenship and requested a consular visit in prison to discuss the legal paths available to…
Carnegie: IMF must push the Egyptian government to rationalize the military economy
The Carnegie Middle East Center has called on the International Monetary Fund to adopt a strategy that pushes the Egyptian government to rationalize the military financial and economic apparatus, in line with the Fund’s general recommendations. According to the report…
Egypt: Inflation hits 12.1, exceeding the target of the Central Bank of Egypt
The Central Agency for Public Mobilization and Statistics has announced that the inflation rate rose last March, on an annual basis, by 12.1%, reaching its highest level in nearly three years, which is more than the rate expected by the…
With over EGP 100 billion in 2021: The Egyptian military dominates governmental contracts
The National Service Projects Organization (NSPO) of the Egyptian Armed Forces revealed that it had implemented 227 state projects worth 100 billion Egyptian pounds ($5.45 billion) this year. During a meeting with President Abdel Fattah El-Sisi, the director of the…
EU supports Egypt with 100 million euros to confront the rise in food prices
The head of the European Union delegation in Egypt, Christian Berger, announced the union’s intention to provide 100 million euros to support Egypt to confront the global rise in food prices. Egypt had requested European support to face the negative…
Rights groups call upon IMF to condition social protection priority and detainees’ release in Egypt
Seven human rights groups called upon the International Monetary Fund (IMF) to ensure that any new loan program for Egypt expands social protection, enhances the independence of the judiciary and tackles corruption. They also noted the importance of economic transparency,…
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